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Indonesia approves Paus

Biru gas field development

PROJECTS & INDONESIA’S upstream regulator SKK Migas Gas will be pumped from the Oyong WHP
COMPANIES has approved Medco Energi’s development plan to the Grati onshore production facility, which
for the offshore Paus Biru natural gas field in the is operated by the Sampang PSC joint venture.
Sampang production-sharing contract (PSC). Medco Energi owns 45% of PSC, while Singa-
Junior partner Cue Energy Resources said on pore Petroleum holds 40% and Cue Energy owns
August 19 that the regulator had also approved the remaining 15%.
the field’s independent resource certification. Cue said the joint venture would begin front-
Research and Development Center of Oil end engineering and design (FEED) work as well
and Gas Technology (LEMIGAS) carried out as negotiations for gas sales agreements. A final
the certification of the field’s resource estimates, investment decision (FID) for the development
a prerequisite for development approval. LEMI- is expected to be taken by the joint venture in
GAS certified the field contains a 2C contingent mid-2021, with first gas anticipated in late 2022.
gas resource of 44.9bn cubic feet (1.27bn cubic The Paus Biru field was identified by the Paus
metres). Biru-1 exploration well and announced as a gas
The approved development plan consists of discovery in December 2018.
a single horizontal development well with an Santos was awarded a 45% interest and oper-
unmanned wellhead platform (WHP), con- atorship in the Sampang PSC in 1997, but sold
nected by a subsea pipeline to the Oyong gas the licence as part of a package of non-core Asian
field’s existing WHP, which lies around 27 km assets to Ophir Energy for $221mn in 2018.
away. The PSC, located in East Java, also contains Medco completed its $517.34mn acquisition of
the producing Wortel gas field. Ophir last year.™

Petronas’ petroleum revenue

hit by movement controls

PERFORMANCE MALAYSIA’S state-owned Petronas claims Malaysian Prime Minister Muhyiddin Yassin
to have lost around MYR17bn ($4.08bn) in revealed the figure in a written reply on August 12
petroleum revenue between March and June to a parliamentary question from MP Noor Amin
following the government’s introduction of a Ahmad. The government introduced the MCO on
movement control order (MCO). March 18 to stem the spread of COVID-19.

P6 www. NEWSBASE .com Week 33 20•August•2020